MoneyRx for CRNAs and NPs

Jennifer did everything right: she worked for 25 years, maxed out her 403(b), and saved over a million dollars. But she made a $200,000 mistake she didn't even know about until she turned 65. Her required minimum distributions (RMDs) and Social Security pushed her into a higher tax bracket in retirement than she was while working. This is not uncommon for CRNAs to run into this tax trap. In t...

Dr. Jason Bolt is a CRNA who has masterfully built a personal brand and private practice, all while seeing the humor in the profession and inspiring others to take control of their financial future. In this episode, Jason shares his unique journey from pre-med to becoming a CRNA. Plus, we discuss his adventures as a travel nurse, and how he cultivated financial freedom and a "semi-retired&quo...

Most CRNAs think they need to replace their entire income in retirement. That's not true. Brett breaks down the exact three-step framework he uses with CRNA clients to calculate their real retirement number. As a CRNA, you're earning $200,000+ annually, which puts you in a unique position to build substantial wealth. But you also face intense career demands that can lead to burnout and e...

Sarah Wild proves you can build a thriving career as a CRNA while staying true to your values and priorities. In this special CRNA Spotlight episode, Sarah shares her journey from being number 9 of 11 kids in a small town to becoming a successful CRNA, entrepreneur, content creator, and mother of three. All while maintaining what she calls "wildly authentic" living. We explore: How Sarah...

Host Brett Fellows interviews Dr. Rick Tennesen, the Regional Anesthetist Director for TeamHealth's Southeast Division. Dr. Rick provides valuable insights on leadership, mentorship, and the future of anesthesia, offering practical advice for both new and seasoned CRNAs. [04:27] Rick Tennesen’s Educational and Career Path [07:25] Transition to Leadership and Philosophy [12:45] Challenges and...

Host Brett Fellows addresses the common anxieties faced by Certified Registered Nurse Anesthetists (CRNAs) about retirement planning, emphasizing the importance of turning savings into a sustainable income stream and the dangers of not having a strategic plan.  [00:58] The Million Dollar Question: Is It Enough? [02:19] The Importance of a Retirement Strategy [05:36] Client Story: Lisa's Retir...

Host Brett Fellows discusses the importance of maintaining a disciplined investment strategy amidst market volatility. Drawing on personal anecdotes and expert insights, Brett explores how emotional decision-making can sabotage long-term financial success.  [00:58] The Importance of Staying the Course in Investing [02:46] Emotional Decision Making in Investing [03:56] Personal Story: Lessons from...

This episode is a re-release of host Brett Fellows’ inspiring interview with Alicia Quinte, CRNA and founder of the 1099 Success Academy. Originally aired in 2024, this episode delves into Alicia’s journey from a W-2 employee to a flourishing 1099 freelancer while living an adventurous life aboard a sailboat.  [02:46] Alicia's Journey to 1099 Work [06:00] Navigating the Transition from W-2 to...

This episode is a re-release of host Brett Fellows’ impactful conversation with Amanda Kay Kelly, an independent CRNA mentor and founder of the Mindful CRNA. Originally aired in May 2024, the episode focuses on Amanda's transition from a W-2 employee to a 1099 independent contractor.  [02:36] Amanda Kay Kelly's Journey to Becoming a CRNA [03:59] Transitioning to Independent Practice [17:...

In this episode of the MoneyRx for CRNAs Podcast, host Brett Fellows explores the ongoing debate about whether your house should be considered an investment, delving into the pros and cons, including the growth of equity, potential appreciation, and the practicality of home improvements.  [02:28] Is your house an investment? [04:28] Arguments for viewing your house as an investment. [10:02] Argume...

In this episode, host Brett Fellows delves into the advantages of Roth IRA conversions for Certified Registered Nurse Anesthetists (CRNAs) during a declining market. Brett explains how market declines reduce the tax burden on Roth conversions, allowing CRNAs to convert a larger portion of their portfolios for the same cost, and provides actionable advice on determining the best time for a Roth con...

Host Brett Fellows delves into the critical topic of tax planning in retirement, emphasizing the importance of understanding the impact of taxes on retirement savings, particularly for those with traditional tax-deferred accounts. Brett explores strategies like Roth conversions, leveraging the gap years, and making tax-savvy charitable contributions to reduce future tax burdens.  [03:34] Understan...

In this episode, host Brett Fellows dives into the theme of being an owner rather than a loaner in investments. Brett compares the potential returns of stocks versus bonds, highlighting the significant long-term benefits of ownership. [02:52] The importance of ownership. [04:31] Investment strategies and mindset. [12:02] Real-life client examples.  For more information and resources related to thi...

In this episode, host Brett Fellows delves into Chapter 3 of ‘MoneyRx for CRNAs: Secrets and Strategies to Maximize Wealth and Retirement,' focusing on purposeful spending. Brett emphasizes the importance of narrowing the gap between financial goals and current realities by establishing solid money habits and budgeting practices.  [03:21] Building effective money habits. [06:47] The importanc...

In this episode, Brett delves into the first chapter of his new book: “MoneyRx for CRNA's: Secrets and Strategies to Maximize Wealth and Retirement.” Brett introduces the concept of “Checking Your Vitals,” a crucial step in understanding your financial health by aligning your money with your personal values and goals. He also emphasizes the emotional aspects of financial decisions and the imp...

In this episode, Brett introduces his new book, “MoneyRx for CRNAs: Secrets and Strategies to Maximize Wealth and Retirement.” Brett shares his background and the motivations behind his focus on providing specialized financial planning for Certified Registered Nurse Anesthetists (CRNAs), as well as the unique financial challenges CRNAs face.  [02:06] The five layers of financial planning. [05:22]...

Host Brett Fellows sits down with Kathy Faltot, a Certified Registered Nurse Anesthetist based in South Florida. Kathy shares her inspiring journey from Colombia to the United States, highlighting her pursuit of financial independence and dedication to mentoring Spanish-speaking healthcare professionals. The discussion also covers practical financial advice, focusing on managing student loans, sma...

In this episode, host Brett Fellows addresses a set of pivotal questions from a client regarding financial planning for Certified Registered Nurse Anesthetists (CRNAs). Brett explains his firm's investment philosophy, the types of clients they serve, their fee structure, and their process for continuous client education. [02:31] Answering client's questions. [03:37] Brett’s investment ph...

In this episode, host Brett Fellows shares valuable insights on navigating open enrollment season. Targeting Certified Registered Nurse Anesthetists (CRNAs) over age 50, Brett emphasizes the importance of evaluating employer benefits, particularly health savings accounts (HSAs), retirement contributions, and fringe benefits like wellness programs and legal assistance.  [02:46] Brett’s open enrollm...

In this episode, host Brett Fellows explores Roth 401(k) and 403(b) options, their benefits over traditional accounts, and how they can offer CRNAs financial freedom and tax efficiency in retirement.  [03:44] Understanding Roth 401k and 403b accounts.  [05:12] Tax benefits and future planning considerations.  [08:46] Employer matches and contribution limits. [10:43] Case study: Anna's retirem...

In this episode, host Brett Fellows delves into the complexities of buying a home, providing Certified Registered Nurse Anesthetists (CRNAs) with a comprehensive guide on navigating financial decisions related to homeownership. Brett covers crucial aspects such as cash flow management, mortgage options, down payments, and closing costs, along with estate planning and tax considerations.  [02:56] U...

Host Brett Fellows delves into the impact of presidential elections on the stock market, offering practical advice on managing investment anxiety and staying focused on long-term financial goals. He also shares his insights on enhancing productivity through time management techniques such as time blocking and exercise.  [03:01] Impact of presidential elections on the stock market. [06:46] Building...

In this episode, host Brett Fellows delves into strategies to maximize tax deductions for Certified Registered Nurse Anesthetists (CRNAs), providing insights on tax planning, investment management, IRAs, 401k and 403b plans, Health Savings Accounts (HSAs), and 529 plans.  [03:57] Understanding tax loss harvesting.  [05:32] Exploring IRAs: Traditional vs. Roth. [07:15] Breaking down 401k and 403b p...

Host Brett Fellows interviews Katie Niemeyer, a CRNA, professional speaker, philanthropist, entrepreneur, and marathon runner. Katie shares her remarkable journey from surviving a life-threatening allergic reaction at age 16 to becoming a nurse anesthetist influenced by compassionate care.  [03:07] Katie's inspirational story and career path.  [05:45] The impact of a special friend.  [09:24]...

In this episode, host Brett Fellows delves into the intricacies of planning for retirement distributions, a critical aspect of retirement for CRNAs aiming for financial independence. Addressing a listener's two-part question, Brett explains the importance of setting up a systematic withdrawal plan, the role of Required Minimum Distributions (RMDs), and the factors to consider when deciding wh...